Single Family Residential (SFR) Investor Purchase (No Rehab)

Territory          AZ, CO, GA, ID, MD, NC, NE, NM, NV, OR, TX, UT, VA, WA, WV
AMNT              $50k - $250K ($350k House)
LTV                100% of purchase to 70% ARV (Only lends on SFR)
INT                 15%
PTS                5.5
TRM               6 months (2 months for 2 points)
PPP                No
CRDT             620 (under 620 is 18% and 1 point)
                    
EXAMPLE $150,000 ARV
- $20,000 Rehab
= $130,000 Sub Total
x 70% Loan Calculation
= $91,000 Loan Amount
+ 5,000 Points
= $96,000 Total Loan Amount

Borrower pays all rehab cost and closing costs